C000027546 Fees and Costs — AZL T. Rowe Price Capital Appreciation Fund, Class 2
Data updated: 2026-08-25
The net expense ratio is 1.05%: a 0.75% management fee, a 0.25% 12b-1 fee plus 0.05% other expenses. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $186K in broker commissions, 0.0186% of average net assets, and portfolio turnover was 89%.
C000027546 Fees and Expenses
Annual operating expenses and sales charges of C000027546. Prospectus, as of April 30, 2016.
| Annual operating expenses | |
|---|---|
| Management fee | 0.75% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.05% |
| Gross expense ratio | 1.05% |
| Fee waiver | — |
| Net expense ratio | 1.05% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | No |
C000027546 Costs Over Time
On $10,000 invested in C000027546, assuming 5% a year before costs, total costs come to $667 over 5 years, cutting the return by 1.12% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 1.05%) | $110 | $344 | $596 |
| Trading costs (broker commissions) | $2 | $6 | $11 |
| Lost growth on money paid in costs | $0 | $17 | $61 |
| Total costs | $112 | $367 | $667 |
| Value after costs | $10,388 | $11,209 | $12,095 |
| Impact on return, per year | 1.12% | 1.12% | 1.12% |
C000027546 Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0186%
- Total broker commissions: $186K
- Bought from dealers (principal trades, not a cost): $1.7B
- Portfolio turnover (prospectus): 89%
- Securities on loan, average value: $1.5M
- Net income from securities lending: $9K (0.001% of average net assets)
C000027546 Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. Morgan Securities LLC | $24K | 17.50% |
| Morgan Stanley & Co. LLC | $22K | 16.22% |
| Jefferies LLC | $17K | 12.23% |
| BMO Capital Markets Corp. | $15K | 11.01% |
| UBS Securities LLC | $15K | 10.79% |
| RBC Capital Markets, LLC | $10K | 7.05% |
| Goldman Sachs & Co. LLC | $9K | 6.87% |
| Pershing LLC | $9K | 6.41% |
| Stifel, Nicolaus & Company, Incorporated | $8K | 6.23% |
| Cowen and Company, LLC | $8K | 5.69% |
C000027546 Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BNY Mellon Capital Markets, LLC | $669.1M | 39.07% |
| Citigroup Global Markets Inc. | $254.2M | 14.84% |
| Morgan Stanley & Co. LLC | $206.8M | 12.07% |
| J.P. Morgan Securities LLC | $199.4M | 11.65% |
| Barclays Capital Inc. | $161.8M | 9.45% |
| BofA Securities, Inc. | $131.1M | 7.66% |
| BNP Paribas Securities Corp. | $35.8M | 2.09% |
| Goldman Sachs & Co. LLC | $34.8M | 2.03% |
| Wells Fargo Securities, LLC | $11.8M | 0.69% |
| RBC Capital Markets, LLC | $7.7M | 0.45% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.